Trump delays China tariffs by 90 days
The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night.
“[China] continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters,” Trump explained in an executive order.
The deadline was set to expire on Aug. 12. The new deadline is set for after midnight on Nov. 10.
While negotiations with China are worked out, a 10% reciprocal tariff rate will remain in effect until Nov. 10, according to a fact sheet provided by the White House.
“President Trump is ensuring economic cooperation between two of the largest economies in order to protect American interests, stop unfair trade practices, and strengthen America’s domestic manufacturing base,” the fact sheet read.
In April, the U.S. imposed 145% tariffs against Chinese imports and China retaliated with 125% tariffs on U.S. goods.
The countries backed off these tariffs after meeting in May. The U.S. went down to 30% tariffs while China went down to 10%.
The fact sheet said the U.S. goods trade deficit with China was $295.4 billion in 2024. The White House said this number is “already decreasing substantially.”
Latest News Stories
Former GOP lawmaker urges regulators to block potential Netflix-Warner Bros. merger
U.S. withdrawal from WHO completed over COVID-19 mishandling
Judge ends anti-ICE case, jumps into IL Dems’ bid to freeze ICE
U.S. Supreme Court to define decades-old consumer law
WATCH: Candidate investigates Medicaid spending; Diversity program audit urged
TCS stories about Illinois’ diversity agency prompts call for audit
DOE issues emergency orders to mitigate blackouts in New England, Texas
First Annual Laker Academic Invitational to be Held for Local High School Students
Government Shutdown Causing Ambulance Billing Delays
Everyday Economics: Fiscal reality meets Central Bank caution in week ahead
Tariff uncertainty here to stay regardless of Supreme Court ruling
Nearly 1M without power as massive winter storm rages